Ukraine, which used to cover most of its gas needs with supplies from Russian gas monopoly Gazprom, is seeking an alternative to Russian gas imports as its war-torn economy struggles. Ukraine has started buying gas from the European Union too in a bid to reduce bills and lessen its energy dependence on Moscow. Kiev also hopes to unlock the country’s potentially large shale gas reserves and break its dependence on costly Russian fuel imports, the New Europe website writes.
“In connection with a war activity in Donbas and not good investment climate, JKX, Shell and Chevron aren’t going to invest to …read more
Source: Razumkov Centre